Pimco’s quiet shift into ESG investing

The bond manager has been making strides into sustainable investing, becoming one of the largest fund houses to make such a move

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By

Leslie P Norton

Updated: June 30, 2019 7:07 pm GMT

Pimco has long been known as a top-notch fixed-income manager, but it quietly moved into stock strategies nearly 10 years ago. More recently, it has nearly silently moved into sustainable investing — not with a new product line, but by implementing this kind of research throughout the firm — becoming one of the first, and certainly the largest, of the large asset managers to regard investing with an eye toward long-term sustainability as a critical key to success.

Over the past few years, Pimco has become a leader in incorporating...